Morgan Stanley: Li Auto-W's downward adjustment of second-quarter guidance is expected, and the stock price trend depends on the i8 launch
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Morgan Stanley lowered Li Auto-W's second-quarter delivery guidance to 108,000 units, a decrease from previous expectations, reflecting the impact of adjustments in the sales system. Although consumer demand may be lukewarm in the short term, order momentum is expected to gradually recover, and stock price trends will depend on the successful launch of the i8. Morgan Stanley holds an optimistic view on the market outlook for the second half of the year, believing that the new model cycle will drive performance recovery
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